The ATO says 7% the norm plus add-ons the total of the take of gross revenue 12-18%
The property agents Achilles is their commitment to their principal and the REA & Domain's Achilles is the commitment to their principal the agent.
No one looks after the people who actually pays the freight - but RENT plans to
The Taxi co-operatives around the world looked after their principals, the taxi owners.
Uber turned that on its head and gave the paying customer, the renter of the vehicle some service and the taxi owners did not see it coming.
They were living in the old paradigm.
On the way through RENT will start to clip a few of the owners of properties coupons as more self manage.
On top of that the market melt which has started in Perth and other boom states which will go Australia wide will put immense pressure on landlords and in turn will bounce around smacking heads as property owners start to realise power has shifted.
This is a long term shift.
RNT Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
